RKL’s tax team always keeps one eye on the horizon, tracking regulatory developments and uncovering new opportunities for savings. This proactive approach is more essential than ever since the passage of the Tax Cuts and Jobs Act in December 2017.
Together with our valued clients, we navigated the uncharted territory as tax reform took effect in 2018. This experience carried over into 2019, as the IRS worked to translate 119 tax-related TCJA legislative provisions into concrete guidance. At the time this guide went to print, we are still waiting on IRS guidance for some of tax reform’s most significant changes and clearer definitions for many words and concepts used in the legislation.
Inside this 2019 Year-End Tax Planning Guide, you’ll find important facts, figures and deadlines, along with various strategies to consider with your RKL advisor in the context of your unique financial or business circumstances. We made sure to highlight any outstanding regulatory areas.